FACTBOX-Shenhua and Guodian: China's latest state marriage

Reuters Staff

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(Adding more details throughout)

BEIJING, Aug 29 (Reuters) - China’s top coal miner Shenhua Group Corp Ltd will take over China Guodian Group Corp, among the country’s top five state power producers, in a deal that will create the world’s largest power utility worth $278 billion.

With an estimated 326,000 staff, it will have a workforce almost four times bigger than the entire U.S. coal-fired power industry in 2016.

The combined entity will have an installed capacity topping 225 gigawatts (GW), eclipsing EDF and Enel to become the world’s biggest power company by capacity.

It will also be the largest wind power developer in the world with 33 gigawatts of capacity and the biggest coal producer.

Here is a breakdown of each companies’ operations:

GUODIAN GROUP:

Guodian Group had total installed capacity of 143 gigawatts of power, including 26.17 GW of wind at end-June. It is also a leading hydropower and renewables developer and produced 58.72 million tonnes of coal in the first of the year.

Its listed unit GD Power has 22 coal-fired power plants with capacity of 34.3 GW and also has 7.6 GW under construction. Five of those operating plants lost money in the first half.